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They are "checked" in the sense that ultimately there's a name associated with that expensive login. All chats are logged and available to compliance, regulator
by gaius 10y ago
They are "checked" in the sense that ultimately there's a name associated with that expensive login. All chats are logged and available to compliance, regulators, etc. Bloomberg won't arbitrate but they don't have to - everyone knows that if you welshed on a deal, no-one would ever deal with you again. This is the same way that voice calls in banks work too.
- dirtbox 10y agoI'm amazed this hasn't been exploited.
- gaius 10y agoExploited in what way?
- dirtbox 10y agoEntered the network, manipulated data, created misinformation, use social engineering tricks and tried to control stock pricing. When you have a platform only accessible to the elite, it makes the possibilities extremely tempting.
- gaius 10y agoYou would have more luck impersonating voices on the phone!
- kevinpet 10y agoThat's how the entire financial world works. The trades on the stock market are only a highly organized way to agree to a deal. The money and assets change hand three days later. The financial world does not rely on iron-clad cryptographic security. It relies on a very well developed system of layers of trust.